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Manulife Par Whole Life Insurance

Manulife Par Whole Life Insurance logo

What is Life Insurance?

Most people don’t like to think about the possibility of not being around, especially if they’re young and healthy. We can plan ahead when it comes to career and education goals, but planning for the possibility of an unexpected death is difficult.
Life insurance is an insurance product that provides assurance through lump-sum payment also known as "death benefits" to the beneficiaries upon the insured's death. There are two main types of life insurance: term and permanent.
Insurance is a peace of mind product. A good insurance policy assures you that your loved ones won’t suffer financially should anything happen to you. There are a number of variations of disability insurance.  

What is Manulife Par Whole Life Insurance Plan?

Life Insurance for Canadians with long-term care and cash value

Life insurance is perhaps the most popular long term financial planning tool. The insured person pays a monthly premium in exchange for a sizable lump sum upon the insured person’s death.
Manulife Par Whole Life Insurance plan is the Manulife life insurance product for individual protection that is designed for Canadians that want a long-term protection with immediate growth as well in cash value.
Take comfort in seeing immediate growth of your policy’s cash value, and keep confident your plan delivers long-term protection, all with potential tax-saving advantages.

What are the benefits of Manulife Par Whole Life Insurance?

Life may have unknowns, but Manulife Par Whole Life insurance makes up for that with dependable, exceptional benefits and hassle-free protection.

This insurance coverage starts at $100,000. Your policy guaranteed you an amount that remains in effect for your entire lifetime as well as with cash value that grows overtime.

Several other benefits are available for you for this plan that is easy to understand and manage.

This popular plan can gives you:

  • Guaranteed premiums
  • Guaranteed amount of insurance that remains in effect for your entire lifetime
  • Guaranteed cash value that grows over time
  • Earn an annual dividend to grow your insurance coverage and cash value beyond guarantees.
  • Choose how long you pay your premium and, how frequently.
  • Access your policy’s cash value at any time or, if you become disabled.
  • Make additional payments into your policy to increase your protection, whenever you choose!
  • Reach your long-term financial goals and benefit from tax-advantaged options.
  • Build collateral for a loan, enhance your estate planning, and compliment a retirement plan.

 

Plan Details

  • Coverage starts at $100,000.
  • No policy fees
  • Guaranteed payment duration for 10 or 20 years - you choose!
  • Single life or Joint last-to-die coverage options

 

Optional Add-ons

  • Get extra protection by adding term life insurance
  • Skip payments if you become disabled, subject to certain conditions
  • Guarantee your future eligibility for life insurance
  • Protect your children and guarantee their future life insurance coverage

 

 

Additional resources:

Learn more about your other Manulife insurance options from these informative articles.

Insurdinary provides a comprehensive quotes comparison sends straight to your inbox so you can start comparing health coverage in minutes. See plans from several major Canadian insurers to choose the right option for you. Our customer health specialists are also available to address your questions and concerns.

For more information, you may contact us at 1-877-574-7475, or complete the form below.

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